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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 662,976 $ 532,259
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 37,428 28,152
Land-related charges 4,018 5,683
Depreciation and amortization 21,061 19,139
Equity income from unconsolidated entities (37,902) (2,513)
Distributions of income from unconsolidated entities 1,256 3,509
Share-based compensation expense 16,585 12,488
Other, net (413) 50
Increase (decrease) in cash due to:    
Inventories (289,247) (85,408)
Residential mortgage loans available-for-sale (54,774) 256,360
Other assets (108,132) 25,053
Accounts payable, accrued and other liabilities (13,069) (83,404)
Net cash provided by operating activities 239,787 711,368 Close
Cash flows from investing activities:    
Capital expenditures (24,076) (23,743)
Investments in unconsolidated entities (3,955) (1,117)
Distributions of capital from unconsolidated entities 3,398 2,216
Other investing activities, net (2,256) (1,570)
Net cash used in investing activities (26,889) (24,214) Close
Cash flows from financing activities:    
Repayments of notes payable (11,140) (4,500)
Financial Services borrowings (repayments), net 34,708 (262,264)
Proceeds from liabilities related to consolidated inventory not owned 19,077 18,449
Payments related to consolidated inventory not owned (32,511) (10,099)
Share repurchases (245,844) (150,000)
Cash paid for shares withheld for taxes (17,592) (10,059)
Dividends paid (42,684) (36,380)
Net cash used in financing activities (295,986) (454,853) Close
Net increase (decrease) in cash, cash equivalents, and restricted cash (83,088) 232,301 Close
Cash, cash equivalents, and restricted cash at beginning of period 1,849,177 1,094,553
Cash, cash equivalents, and restricted cash at end of period 1,766,089 1,326,854
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 7,251 6,205
Income taxes paid (refunded), net $ 1,015 $ 209